Civic Intelligence

Magna Prep

EIN 81-5111029 • 501(c)3 • Elkins Park, PA

Profile

Provides before and after school programs and summer camp to assist youth in excelling academically

PO Box 29729Elkins Park, PA 19027

magnaexperience.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.70x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

98th percentile

510%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-7.1%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$156,108

Up $130,526 (+510%) from 2019

Liabilities

Up

$108,719

Up $98,894 (+1007%) from 2019

Net Assets

Up

$47,389

Up $31,632 (+201%) from 2019

Operations
Liabilities / Revenue90th percentileNet Margin64th percentile

Revenue

Down

$304,292

Down $23,363 (-7.1%) from 2019

Expenses

Down

$272,660

Down $35,468 (-12%) from 2019

Net Income

Up

$31,632

Up $12,105 (+62%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0-$50KAssets 2018: $6,055Liabilities 2018: $9,825Net Assets 2018: -$3,7702018Assets 2019: $25,582Liabilities 2019: $9,825Net Assets 2019: $15,7572019Assets 2020: $156,108Liabilities 2020: $108,719Net Assets 2020: $47,3892020

Highlighted filing

2020

Assets$156,108
Liabilities$108,719
Net Assets$47,389
Open 2020 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2018: $245,055Expenses 2018: $248,825Net Income 2018: -$3,7702018Revenue 2019: $327,655Expenses 2019: $308,128Net Income 2019: $19,5272019Revenue 2020: $304,292Expenses 2020: $272,660Net Income 2020: $31,6322020

Highlighted filing

2020

Revenue$304,292
Expenses$272,660
Net Income$31,632
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,108
Liabilities
$108,719
Net assets
$47,389
Revenue
$304,292
Expenses
$272,660
Net income
$31,632
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$1.56$1.09$0.47$3.04$2.73$0.32
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.10$0.16$3.28$3.08$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.10$0.04$2.45$2.49$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 1, 2021
Return Version
2020v4.0
Gross Receipts
$304,292
Mission and Program Overview

Mission

Provide before and after school programs and summer camp programs to assist youth in excelling academically

Provides before and after school programs and summer camp to assist youth in excelling academically

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivables From Officers Etc$0$142,689▲ $142,689
Cash and Non-Interest-Bearing Accounts$25,582$13,419▼ $12,163
Savings and Temporary Cash Investments$0--
Accounts Receivable$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Total Assets$25,582$156,108▲ $130,526
Liabilities
Unsecured Notes Loans Payable$9,825$108,719▲ $98,894
Total Liabilities$9,825$108,719▲ $98,894
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,757$47,389▲ $31,632
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$15,757$47,389▲ $31,632
Total Liabilities and Net Assets / Fund Balance$25,582$156,108▲ $130,526
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Antonieo WrightExecutive DirectorFT$128,871$128,871
Marcus AllenBoard MemberPT$8,164$8,164

Board Members and Trustees

NameTitle
Natasha ReevesBoard Member
Taleeah AllenBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$304,292
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$31,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$175,968
Other Expenses$96,692
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$128,871--$128,871
Other Salaries and Wages$47,097--$47,097
Occupancy$25,973--$25,973
Insurance-$22,402-$22,402
Travel$19,846--$19,846
Office Expenses-$12,860-$12,860
All Other Expenses$9,042$575-$9,617
Advertising$2,320--$2,320
Fees for Services Accounting-$1,491-$1,491
Information Technology$1,098--$1,098
Fees for Services Legal-$1,085-$1,085
Total Functional Expenses$234,247$38,413$0$272,660
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$0$142,689▲ $142,689
Receivables from Disqualified Persons$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Marcus and Taleeah are siblings of Antonieo”

Form 990, Part VI, Section B, Line 11B

“Provided to all officers and board members for review”

Form 990, Part VI, Section C, Line 19

“All available upon request”

Filing and Contact Details

Filer

Filer Name
Magna Prep
EIN
81-5111029
Phone
8885817737
Address
PO Box 29729, Elkins Park, PA 19027

Signing Officer

Name
Antonieo Wright
Title
Executive Director
Phone
8885817737
Signed
2021-03-01

Organization Details

Principal Officer
Antonieo Wright
Formed
2017
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 25

“Other Expenses: Bank/CC/Payroll Fees - 761.21 Supplies for Students (Teaching, activities, etc.) - 5999.12 Dues - 889.32 Donations - 855.00 Meals and Entertainment - 329.99 Postage - 782.79”

Raw XML Appendix343 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0156108
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt019846
IRS990/TravelGrp/TotalAmt019846
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt09825
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0108719
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0902 Valley Road
IRS990/USAddress/AddressLine2Txt025D
IRS990/USAddress/CityNm0Elkins Park
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019027
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0https://magnaexperience.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Antonieo Wright
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08885817737
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNA PREP
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0815111029
ReturnHeader/Filer/PhoneNum08885817737
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 29729
ReturnHeader/Filer/USAddress/CityNm0Elkins Park
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019027
ReturnHeader/ReturnTs02021-04-05T13:50:24-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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